Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $7-8 billion valuation for its IPO, sources said. Photograph: Anushree Fadnavis/Reuters The company is expected to approach its board with the proposal
Fitch Ratings on Monday affirmed India’s sovereign rating at ‘BBB-‘, with a stable outlook, saying a strong record of delivering growth and improving fiscal credibility will drive improvements in structural metrics. Photograph: Anushree Fadnavis/Reuters “India’s ratings are supported by its
‘We will be able to anticipate the full picture of the impact after August, which is also the time when demand for a year begins to peak ahead of the December holidays and Valentine’s Day.’ IMAGE: Estimates of job losses
After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. Photograph:
Indication of a potential US Federal Reserve rate cut may trigger optimism in the domestic equity market, with investors’ attention shifting to the looming deadline for additional US tariffs on Indian goods in a holiday-shortened week ahead, analysts said. Illustration:
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said.
India’s forex reserves rose by $1.49 billion to $695.106 billion during the week ended August 15, according to RBI data released on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the overall reserves had increased by $4.75 billion to
Spreading risks in sourcing raw materials for electric vehicle (EV) manufacturing is “very critical” and the government can play a key role by enabling access to these from multiple locations worldwide, said Vivek Srivatsa, chief commercial officer at Tata Passenger
‘The kind of reach it has with so many bank branches even in the remotest part of the country, it is one channel which will play a very important role in vision of insurance for all.’ Illustration: Uttam Ghosh Following
The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday.
